CTHIn ForceAct
Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024
49Section 234
Start here
Get a plain-English read of 49
Turn the raw legal text into a practical explanation grounded in Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024.
49 Section 234
After:
• In proceedings for a contravention of this Act or the regulations, it is a defence if the defendant proves that the defendant took reasonable precautions, and exercised due diligence, to avoid the contravention.
insert:
• There is a defence to a contravention of certain civil penalty provisions relating to the law of a foreign country preventing compliance.
• Provision is made in relation to how this Act applies to reporting groups.